Submitted on Friday 12th August 2011
Published on Monday 22nd August 2011
Current status: Closed
Closed: Wednesday 22nd August 2012
Signatures: 26
Tagged with
England ~ income tax ~ remain ~ Tax ~ UK
SUSPEND INCOME TAX ON SAVINGS INTEREST - SAVE OUR SAVERS
With the Bank of England's base rate at a record low and CPI inflation over double the Government's target, UK savers are suffering heavily from negative real interest rates.
On behalf of the nation's savers, Save Our Savers calls for a suspension of income tax on savings interest, to remain in force while CPI inflation exceeds base rate.
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